Roku Inc (NASDAQ: ROKU) has experienced a decline in its stock price by -0.73 compared to its previous closing price of 74.89. However, the company has seen a fall of -5.66% in its stock price over the last five trading days. zacks.com reported 2024-12-31 that Roku (ROKU) closed at $74.34 in the latest trading session, marking a -0.73% move from the prior day.
Is It Worth Investing in Roku Inc (NASDAQ: ROKU) Right Now?
The 36-month beta value for ROKU is at 2.05. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 2 rating it as “overweight,” 14 as “hold,” and 2 as “sell.”
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The public float for ROKU is 127.00M, and currently, shorts hold a 7.31% of that float. The average trading volume for ROKU on January 01, 2025 was 3.68M shares.
ROKU’s Market Performance
ROKU stock saw an increase of -5.66% in the past week, with a monthly gain of 7.69% and a quarterly increase of 0.00%. The volatility ratio for the week is 3.26%, and the volatility levels for the last 30 days are 4.73% for Roku Inc (ROKU). The simple moving average for the past 20 days is -7.45% for ROKU’s stock, with a 12.42% simple moving average for the past 200 days.
Analysts’ Opinion of ROKU
Many brokerage firms have already submitted their reports for ROKU stocks, with UBS repeating the rating for ROKU by listing it as a “Neutral.” The predicted price for ROKU in the upcoming period, according to UBS is $73 based on the research report published on November 22, 2024 of the previous year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see ROKU reach a price target of $90, previously predicting the price at $70. The rating they have provided for ROKU stocks is “Outperform” according to the report published on November 18th, 2024.
JP Morgan gave a rating of “Overweight” to ROKU, setting the target price at $92 in the report published on October 10th of the previous year.
ROKU Trading at -1.47% from the 50-Day Moving Average
After a stumble in the market that brought ROKU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.51% of loss for the given period.
Volatility was left at 4.73%, however, over the last 30 days, the volatility rate increased by 3.26%, as shares sank -3.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.16% lower at present.
During the last 5 trading sessions, ROKU fell by -5.66%, which changed the moving average for the period of 200-days by +16.17% in comparison to the 20-day moving average, which settled at $80.32. In addition, Roku Inc saw -18.90% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ROKU starting from Jedda Dan, who sale 1,000 shares at the price of $82.73 back on Dec 16 ’24. After this action, Jedda Dan now owns 64,555 shares of Roku Inc, valued at $82,730 using the latest closing price.
DANIEL JEDDA, the Officer of Roku Inc, proposed sale 1,000 shares at $82.73 during a trade that took place back on Dec 16 ’24, which means that DANIEL JEDDA is holding shares at $82,730 based on the most recent closing price.
Stock Fundamentals for ROKU
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.43 for the gross margin
The net margin for Roku Inc stands at -0.04. The total capital return value is set at -0.08. Equity return is now at value -7.22, with -4.05 for asset returns.
Currently, EBITDA for the company is -570.67 million with net debt to EBITDA at 11.38. When we switch over and look at the enterprise to sales, we see a ratio of 2.38. The receivables turnover for the company is 5.34for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.56.
Conclusion
In conclusion, Roku Inc (ROKU) has had a bad performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
